EURAUD Technical Analysis and Trade Idea👉 In this analysis, we focus on the higher time frame charts for the EURAUD currency pair. Currently, these charts indicate a bearish outlook. However, we observe that the price has traded into a key support zone. Additionally, the market appears to be overextended. In the accompanying video, we discuss a potential retracement and a trade idea based on the Fibonacci retracement levels (specifically, the 50% to 61.8% range). It's essential to recognize that this assessment is speculative and not a definitive prediction. To validate a true reversal, close monitoring of specific price movements is necessary. The video provides an in-depth analysis of the trend, market structure, and price action. Always remember that trading involves substantial risk, so prioritize robust risk management strategies in your decision-making process. 📊✅
Euraudtrade
EURAUD I Potential short from resistance Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EURAUD I Short and long trade plan Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EURAUD: A huge swing buying opportunity is forming 800+ pip moveOANDA:EURAUD
Price has created a unique pattern which suggest that buy swing impulse is in making, we have seen how price has behaved, upcoming news might also impact on how price may move. Long term target consist 800+ pips move. If you are planning to take this trade then please use accurate risk management and do your own research too.
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EURAUD I Potential bearish continuation Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURAUD (Bearish)“The Trend is your best friend”
This statement holds true in all aspects of trading; and in this case with EURAUD, we see an example of this.
Remember, Trading is basically “strategic gambling” when simplified to the average person. However, if we can form multiple confluences along with price action and market structure, our probabilitys go up.
**Remember Risk Management and Candlestick Confirmation before blindly entering any trade**
EURAUD I Correction and more decline Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURAUD:🔴Bearish scenario🔴
Well, as you can see, the price purged the weekly external range liquidity, had a bearish reaction, and shifted the market structure, most likely we are on the sell side of the curve now.
Recently the price took the sell side liquidity which can cause the price to move higher to collect the buy side liquidity and then drop to draw on liquidity.
The price can move lower from here to 4-hour FVG and collect the first sell-side liquidity. If the price goes higher we can sell above buy-side liquidity, by lower time frame confirmation.
💡Wait for the update!
🗓️22/04/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
EURAUD: 300-600 PIPS Buying Bias! EURAUD consolidating in daily timeframe, in our view there are two areas where price can head towards. First is where we think price can continue the bullish move towards 1.80. In our second area, where price can drop hard and take out the daily sell side liquidity. At the current market condition our second scenario looks more suitable.
Good Luck ;)
EURAUD Trading Plan 10/Apr/2024Hello Traders,
Hope you all are doing good!!
I expect EURAUD to go Up after completing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
The only way to be happy is by shorting the EURAUDAUD perspective:
Positive:
- The Australian economy is weakening, BUT compared to the European "experts" it is holding up quite well (very difficult I know)
-> there is no sign of a recession in Australia so far, quite the opposite of the Eurozone, I had already predicted the inevitable recession in my EURCAD trade idea here
- Retail sales came in stronger than consensus expectations (+0.3%) at +0.9%.
- Inflation came in WAY higher than the market or the RBA expected, forcing the Reserve Bank of Australia to raise rates at least 1 if not 2 more times.
- The market is pricing in the fewest rate cuts for the RBA in 2024 (none at all)
- due to the shaky sentiment, the AUD should not appreciate in a one-way street, but rather steadily and constantly
BUT: as the old saying goes: "A good kangaroo only jumps as high as it has to."
Negative:
- The trade balance has weakened somewhat recently
- Any risk-off episode (e.g. an escalation of the Middle East conflict) would hurt the AUD
- China is increasing its fiscal packages for the economy, but so far the recovery of the Chinese economy has been rather sluggish.
I don't need to say much about the sad outlook for the euro, as I have already covered this sufficiently in the previous trade ideas, whereby all my predictions have materialised
-> Eurozone inflation fell to below 3% as I forecasted in July
-> the ECB had to massively reduce its GDP forecasts (which are still too high)
-> Germany is in a prolonged recession and will continue to be so into next year
Sad for the Eurozone economybut good for my EUR shorts, these are making me very happy :)
EURAUD I It will bounce from demand zone - BUY Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURAUD I Short-term long and more descendWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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EURAUD I Potential downside continuation to support Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EUR/AUD SHORT from 1.6545EUR/AUD has hit a band of resistance under the WPP pivot at 1.6567 which coincides with the 200 EMA on H1.
With the 200 and WPP above the price, then EUR/AUD BULLS will have their work cut out to push the price musch higher and this gives us a natural STOP for SHORT trades at 1.6574 (29 pips).
However.
This trade carries risks as we have few confirming indicators.
The Andean Oscillator has the red SELL line flat and we would like to see this above zero although it doesn't look like it will be long before it turns north.
The Pivot Point SuperTrend has been signalling a SELL trade since last Wednesday so this is good.
RSI is in midtable and tells us little and MACD has the fast and slow MA's locked together both reading close to zero so we have directional information just yet.
The last 3 H1 candles could be considered a triple top and these tops have all touched the 100 EMA on H1 and been rejected.
This looks a SHORT trade set-up and with news out of the way we could see this pair head lower but this will have to be watched.
Target initially is support at 1.4679.
EURAUDEUR/AUD appears to be exhibiting a bearish sentiment as it has formed a double top pattern, followed by a correction nearing completion at around 38% retracement. The breakout below the neckline suggests further downward momentum. Additionally, the current price action seems to be following a bearish pennant pattern, signaling potential selling opportunities for traders. Keep a close eye on the price action for confirmation of the bearish trend continuation.
EURAUD Trading Plan 28/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect EURAUD to go Down after completing this wave.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURAUD I Ranging but expect price to react from EUR CPI data Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURAUD I Bearish market structure and more potential downside Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURAUDWhat is likely to happen next?
It takes 2 points to show that a trend is valid but takes 3 points to show that a trend is confirmed. Looking forward to see a heavy rejection at current price level. We may get a retracement if the area is rejected, but keep in mind the long trend is heavily BULLISH. Because we are in a descending channel which equals to BLL RUN. Pullbacks or retracements are inevitable.
At this point I will just watch the market behavior and patiently wait before I take any position. Whether long term buys or short term sells.